AGP Executive Report
Last update: 2 hours agoAI and jobs: A new report says some firms that cut roles expecting AI to replace workers are now rehiring after automation struggled in real conditions, including a Commonwealth Bank customer service system that couldn’t handle call volumes. Banking and markets: Perpetual rejected EQT’s A$1.69b takeover offer as undervalued, sending its shares up nearly 17% before a trading halt. Housing and mortgages: New research highlights Australians’ “super-sized” home loans and rising interest burdens even as dwelling values fall, with KPMG pointing to near-record income share going to interest. Property rules: Major new rules for buyers, sellers and renters kick in from July 1, adding to the pressure on the market. Superannuation compliance: PayDay Super starts today, requiring super contributions to be paid with wages and reaching funds within seven business days. Data centres and inflation risk: Transport for NSW and the RBA warn datacentres could compete for scarce industrial land, pushing up costs and crowding out housing. Fintech and payments: PayID adoption keeps growing among Australian payments players as digital habits shift. Corporate finance: Btab provided a merger update and set out its long-term purpose ahead of its next growth stage. Energy finance: Vena Energy secured new funding for solar-plus-storage assets, backing grid reliability as renewables scale.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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